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2024-03-31-accounts

Registered Charity Number 1052178

INTERNATIONAL HARVEST CHURCH NEWCASTLE

REPORT AND ACCOUNTS For the year ending 31 March 2024

INTERNATIONAL HARVEST CHURCH NEWCASTLE TRUSTEES’ REPORT For the year ended 31 March 2024

The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name International Harvest Church Newcastle Charity registration number 1052178 Registered office International Harvest Church, Stanhope Street, Newcastle upon Tyne NE4 5JH

Trustees

The Trustees of International Harvest Church Newcastle during the period and to the date of signing this report are as follows:

Clive Charles Harding Andrew William Meldrum Bowie John Musa Kamara Andrew James Charlton Benjamin Collum Doherty

Independent Examiner

Pete O’Hara FCA, Chartered Accountant, 26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents

The Trust was established by a Trust Deed of 1 July 1957, but, pursuant to a Scheme of the Charity Commission for England and Wales, a Declaration of Trust was executed in 1993 under which the long leasehold property invested in The Trustees of International Harvest Church and the current property of the church vested in the Church Council under a Declaration of Trust was executed in the form of the Assemblies of God Model Deed prescribed under that Scheme.

The Model Deed provides that the property of the church shall be used for the furthering of the Objects of the church and for no other purpose.

Charitable Purpose

International Harvest Church (IHC) Newcastle’s charitable objects are to advance the Christian faith; relieving sickness and financial hardship and to advance education.

2

INTERNATIONAL HARVEST CHURCH NEWCASTLE

TRUSTEES’ REPORT

For the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

Structure and Governance

The Trustees of the Charity form the body known as the Church Council. Ideally the membership of this body shall be between six and ten in number (and never fewer than three). The governing document allows for the remuneration of Trustees, but they must not be in a majority.

New Trustees can be proposed by any current Trustee and then discussed by the whole Church Council. Such a discussion would look at the needs of the role and the existing team, and the relative merits of the proposed candidate.

Generally, Trustees are selected from the men's Primary Twelve, who provide spiritual oversight to the Church. We recognise that this is a somewhat narrower group but believe there should be a consistency between the spiritual leadership of the church and the organisational leadership of the Charity.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The objects of the church are, for the benefit of the public, to:

(i) advance the Christian faith in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit;

(ii) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time may think fit; and

(iii) to advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit.

In achieving these objects, the church has organized itself in small groups known as cell (City) groups. This follows the G12 model, which emphasizes the four components of win, consolidate, disciple and send.

Health & Safety

3

TRUSTEES’ REPORT

INTERNATIONAL HARVEST CHURCH NEWCASTLE

For the year ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Investment Policy

All funds raised by IHC are invested directly into the operational activities of the charity in order to achieve its stated aims. Our cash reserves are kept in an interest-bearing account, and, where possible and appropriate, other investment options will be considered.

Public Benefit

The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which state that all charities must demonstrate that they are established for public benefit and have had due regard to the public benefit guidance issued by the Charity Commission. The Trustees believe that the charity meets both key principles.

Principle 1 - There must be an identifiable benefit, or benefits.

IHC Newcastle’s activities create opportunities for people to explore the Christian faith and find the freedom that comes from a personal relationship with Jesus. We teach and educate people on how they can do this personally. In addition, IHC also provides teaching on how to improve communication between people and other ways to strengthen families and communities and live as responsible citizens in society.

Principle 2 - Benefit must be to the public, or a section of the public.

Engagement in IHC Newcastle’s public activities is open to the entire public. We work to maintain links with our local community and have hosted local community events as part of this service and benefit to the local community. For example, up to 27 children from 17 families attend our parent and toddler group, and about 10-15 people (mostly senior citizens) from the local area and around Newcastle attend our Wednesday afternoon meetings for fellowship, friendship and food. Furthermore, a recent initiative is to provide children from a nearby estate who attend our activities, with breakfast every Sunday.

IHC Newcastle’s beneficiaries are therefore entirely appropriate to its aims and the public benefits from its work. All these benefits are clear, evidenced and relate directly to IHC Newcastle’s aims. In addition, the Trustees do not consider that any significant detriment or harm flows from IHC Newcastle’s work.

The Charity's grant making policies

The charity does not operate an ongoing, open programme for grant-making.

The contribution of volunteers

The charity makes extensive use of volunteers to support its activities.

4

INTERNATIONAL HARVEST CHURCH NEWCASTLE TRUSTEES’ REPORT

For the year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE

Summary of the main achievements of the charity during the year

Our word for the year 2023 was “grow” - with the aim to grow the church community and the local communities we engage with, spiritually, numerically, and financially. The 2023/24 financial year started with this focus, and the activities and events we organised in pursuant of the objectives of the charity emphasised and encouraged the need for, and ways to grow individually and as a community. In this year, we have seen an increase in children and young people under the age of 18, who now constitute over a third of our congregation.

Our activities are open to members of the public and over this year these included the following: Regular weekly activities such as our Sunday services, small (city) groups for discipleship and empowerment, youth and teens weekly meetings; parent and toddler group (Little Village) and Wednesday mid-week meeting for members of the community, regular breakfast club for children from a nearby estate.

One-off events such as baptisms, youth summer camp, mothering Sunday, love Sunday, special weekend events (“encounters”) for men and women, training in leading meetings, Life Languages communication, Easter Sunday community event at Hodgkins Park in the west end of the city, a community party to mark the coronation of His Majesty King Charles III, and other community activities in the Denton Burn area of the city.

In addition to the regular and varied activities we also participated in online and in-person international conferences to encourage and enhance the spiritual and social development of our members through the teaching, inspiration, and connections that these events provide.

As part of our objective to minister to the needs of the whole person and to assist in challenging situations, we provided financial and pastoral support to individuals and families through our city groups and other individual contacts from the Senior Pastors and Leadership of the Church.

We provided financial assistance for the funeral of a member of our congregation and supported their family throughout their period of grief. We also contributed to the work of other organisations and activities such as the UK G12 Group of churches, the parent G12 Church in Bogota, Columbia, and the Christian Institute (a Newcastle upon Tyne based organisation).

We raised funds to support the work of the following organisations, whose activities are broadly in line with our objectives as a charity:

5

INTERNATIONAL HARVEST CHURCH NEWCASTLE TRUSTEES’ REPORT For the year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE (Continued)

Summary of the main achievements of the charity during the year (Cont.)

We continued with our international links and investment in the training of people. Over the past year, we maintained our connections with churches in Columbia, Portugal, Spain, Germany and other parts of the UK (e.g., Leeds, Reading, London, Windsor, Oxford). This was through conference attendance, joint online meetings, ministry visits (Columbia) and visiting speakers (Portugal and Spain). Investment in our Life Languages (LL) Certified trainers continues to provide opportunities to train church members, people from other churches and organisations in the UK and overseas, to understand their communication styles. LL identifies a person’s preferred way of communicating and helps people to improve inter-personal communications between individuals, spouses, and team members. We are grateful that this has been a great tool in day-to-day life that has been appreciated by many.

To sustain the effectiveness of our online activities, and safeguarding of children during our Sunday services, we continued with investments in IT including computers, music and Audio-Visual equipment and related software and subscriptions, and continued our subscriptions to services such as Stream Yard, Zoom, and Church Suite. We also purchased portable card readers in recognition that most giving is now cash-less and it is hoped that this will boost regular and special donations on Sundays and other occasions.

We made repairs and improvements to the building including the installation of security lighting, and the replacement of fire doors. The major investment in re-wiring of the building, replacement of the intruder alarm system and installation of a fire-alarm system that were commenced last financial year, are now mostly complete. The flat owned by the Charity was re-wired, and various repairs were carried out on it.

Alongside these developments we continued with negotiations to purchase the freehold of our land from the leaseholder, Newcastle City Council.

The charity continues to retain the services of Pastors Clive and Sally Harding. We continued to employ a part-time (0.2FTE) Finance Assistant, Fungying Koshy, a part-time (0.2FTE) Media and Events Co-ordinator, Charis Doherty, and a part-time (0.2FTE) Office and Building Co-ordinator, Rosalyn Vinton. Our part-time (0.2FTE) cleaner, Bogusia Reca, who faithfully served the Charity for over 13 years retired during this financial year. Due to the growth in our children and young people, and their tremendous importance to the long-term growth and benefit to the charity and society at large, we employed Alicia Graham and Douglas Graham as 0.4FTE Pastors (Youth) in June and September, respectively. The initial period of their employment will be focused on further theological training at Durham University, to better equip them for their roles as Pastors.

In summary, we consider the year 2023-24 to have been a good year. The fundraising activities to support other worthy causes were particularly uplifting and impactful both to our members and affected beneficiaries at large. We have seen growth, especially in our children and young people. We continued to transform lives and provide a service to the community, development and consolidation of international links and further progress in making improvements to the building.

The Trustees are grateful both to God and to the generous giving of its members and volunteers who made this possible.

6

INTERNATIONAL HARVEST CHURCH NEWCASTLE TRUSTEES’ REPORT

For the year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE (Continued)

Financial Review

The result for the year is an overall deficit of £(3,617) (2023: Surplus £20,840). However, this includes a surplus on Restricted Funds for the year of £10,729, reflecting donations received towards the future purchase of the freehold of the church land. Consequently, the unrestricted deficit for the year is £(14,346) (2023: Surplus £20,840).

The unrestricted deficit will be deducted from existing Unrestricted Reserves carried forward from the previous year end, leaving a balance on Unrestricted Funds at 31 March 2024 of £389,573. Free Reserves, defined as total Unrestricted Reserves, excluding the value of tangible fixed assets, are £100,596.

The Trustees consider the financial performance of the charity to be satisfactory. We have continued to have a stable financial performance, with sufficient income being raised to cover all our expenditure. We have encouraged and seen an increase in gift-aid giving and the regular and generous online giving of most members continue to sustain our income and hope that the portable card machines could further enhance the giving of members.

The surplus from the previous financial year was invested in completing the re-wiring of the building and alarm systems, and ring-fenced for the purchase of the freehold of our land, while also ensuring that enough reserves were maintained in keeping with our reserves policy.

Investment Policy

The charity currently invests surplus cash funds only via a variety of interest-bearing deposit accounts.

It holds different accounts in one bank to both maximize interest receivable and to, as far as practicable, hold funds within the financial compensation limit for each institution.

Reserves Policy

The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission.

The Trustees aim to firstly hold a level of Unrestricted Reserves, excluding Tangible Fixed Assets, which enables the charity to have sufficient financial resources to meet various liabilities which would crystallise if IHC Newcastle were unable to continue operating. At present, the Trustees estimate that the Unrestricted Reserves required for such purposes amount to approximately £30,000 (or two months of operating costs).

IHC Newcastle currently holds ‘free’ Unrestricted Reserves, excluding Tangible Fixed Assets, of £100,596 at 31 March 2024, which includes the above £30,000, thereby providing a degree of additional contingency to ensure that the charity can run efficiently and meet the needs of the beneficiaries.

The majority of the additional sums held are held by the charity as a fund toward the intended purchase of the freehold of the land occupied by IHC and further known refurbishment projects.

This policy will be reviewed by the Trustees on an annual basis as part of the charity’s budgeting `processes.

7

INTERNATIONAL HARVEST CHURCH NEWCASTLE

TRUSTEES’ REPORT

For the year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE (Continued)

Risk Management

The Trustees of the charity regularly review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks.

IHC Newcastle has a risk management strategy in place which comprises:

The Trustees are satisfied that appropriate financial systems and controls are in place.

The Trustees consider the key risks facing the charity currently to be:

The Trustees have managed the potential impact of these risks by ensuring that:

8

INTERNATIONAL HARVEST CHURCH NEWCASTLE

TRUSTEES’ REPORT

For the year ended 31 March 2024

PLANS FOR FUTURE PERIODS

IHC will continue its regular activities against the changing demands of the current cost-of-livingcrisis. These activities include discipleship and personal evangelism, small (city) group activities and outreach to the city of Newcastle upon Tyne and beyond. Following on from the year for “growth” in 2023, the ‘word’ for 2024 is “Taking Ground” – and during the next financial year, we will focus on taking ground in consolidating and extending the progress made in the previous year, but with a focus on five areas: purchasing the freehold; prayer and the life of the Spirit; outreach in conjunction with other Churches in Newcastle in distributing a copy of a magazine about the life of Jesus Christ to every household in the city; discipleship; and in our children and young people. With regards to the purchasing of the freehold, we plan to raise a special fund to facilitate this through additional voluntary pledges and one-off donations of members for this specific purpose.

Ongoing maintenance and further improvements will be made to the building to ensure the safety, wellbeing, and comfort of users, especially with respect to improving accessibility, and we will explore the possibility of implementing other long-standing building projects where possible. In addition, we will continue with the negotiations to purchase the freehold on the land we currently lease from Newcastle City Council.

The Trustees will continue to review the staffing needs of IHC to ensure that there is optimum deployment of the right people to service the needs of IHC. Alongside staffing, we will also seek to further develop an effective pool of volunteers to support paid staff.

We are very grateful for the regular giving of IHC members, which is the main source of funds for all our activities. We look forward to seeing many more people become generous givers in the coming year.

9

INTERNATIONAL HARVEST CHURCH NEWCASTLE

TRUSTEES’ REPORT

For the year ended 31 March 2024

RESPONSIBILITIES OF THE TRUSTEES

The Trustees shall manage the business of the Charity and may exercise all the powers of the Charity unless restricted by the Charities Act or the constitution of the Charity.

The Trustees are responsible for the preparation of the financial statements for each financial year which show a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparation of the financial statements the Trustees should follow best practice and:

  1. Select suitable accounting policies and apply them.

  2. Make judgements and exercises that are reasonable and prudent.

  3. Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue on that basis.

The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity.

The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005 by the Charities Commission England and Wales).

Signed on behalf of the Trustees

John Musa Kamara Trustee

19 August 2024

10

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF INTERNATIONAL HARVEST CHURCH NEWCASTLE LIMITED FOR THE YEAR ENDED 31 MARCH 2024

I hereby report to the Trustees/Members of International Harvest Church Newcastle (Charity Registration Number 1052178) on the accounts for the year ended 31 March 2024 set out on pages 12 to 22.

Respective The charity's Trustees are responsible for the preparation of the accounts. The responsibilities of charity’s Trustees consider that an audit is not required for this year under trustees and examiner section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. Basis of independent Having satisfied myself that the accounts of the Company are not required to examiner’s statement be audited and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's Since the charity’s gross income exceeded £250,000, your examiner must be a statement member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountant in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

19 August 2024

Pete O’Hara, FCA, Chartered Accountant

26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF

11

INTERNATIONAL HARVEST CHURCH NEWCASTLE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
Income
Income from Investments
2
Donations & Legacies
3
Income from Charitable Activities
4
Total Income
Expenditure
Cost of Raising Funds
5
Expenditure on Charitable
Activities
6
Total Expenditure
Net Income/(Expenditure)
7
Funds brought forward
Funds carried forward
13, 14		 Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
£
£
£
£
2,158
-
2,158
769
277,399
14,512
291,911
282,521
514
-
514
957
280,071
14,512
294,583
284,247
2,438
-
2,438
2,246
291,979
3,783
295,762
261,161
294,417
3,783
298,200
263,407
(14,346)
10,729
(3,617)
20,840
403,919
10,472
414,391
393,551
£389,573
£21,201
£410,774
**£414,391 **

The notes on pages 14 to 22 form part of the financial statements.

All of the activities of the company are classed as continuing.

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

12

INTERNATIONAL HARVEST CHURCH NEWCASTLE STATEMENT OF FINANCIAL POSITION/BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £
Fixed Assets
Tangible Fixed Assets 9 288,977 250,241
Current Assets
Debtors 10 7,426 5,009
Cash At Bank & In Hand 122,370 166,795
129,796 171,804
Creditors – Amounts Falling Due Within 1 Year 11 (7,999) (7,654)
Net Current Assets/(Liabilities) 121,797 164,150
Total Net Assets 12 £410,774 £414,391
Represented by:
Unrestricted Reserves 12, 13 389,573 403,919
Restricted Reserves 12, 13 21,201 10,472
£410,774 £414,391
The notes on pages 14 to 22 form part of the financial statements. The notes on pages 14 to 22 form part of the financial statements.

These financial statements were approved and signed by a Member of the Board of Trustees on 19 August 2024.

John Musa Kamara Trustee

13

INTERNATIONAL HARVEST CHURCH NEWCASTLE NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies

Basis of Preparation

These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation Status

IHC Newcastle is a Charity registered under the 1960 Charities Act and is accorded exemption from liability to taxation on its income under S505 Income and Corporation Taxes Act 1988.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Cash Flow Statement

The Directors have taken advantage of the provisions of the Financial Reporting Standard Number 1, which exempts small entities from the need to prepare a cash flow statement.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity.

Designated funds are unrestricted funds earmarked by the trustees for specific purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

14

INTERNATIONAL HARVEST CHURCH NEWCASTLE NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies (Continued)

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Operating Leases

The charity classifies the lease of certain types of equipment as operating leases as the title to the equipment remains with the lessor. Rental charges are charged against income on a straight-line basis over the period of the lease.

15

INTERNATIONAL HARVEST CHURCH NEWCASTLE NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies (Continued)

Tangible Fixed Assets and Depreciation

Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:

A full year’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

2. Income from Investments

Interest on cash deposits Unrestricted
Funds
£
Restricted
Funds
£
2024
£
2023
£
2,158
-
2,158
769
£2,158
£-
£2,158
£769

The 2023 total of £769 was solely attributable to Unrestricted Funds.

16

INTERNATIONAL HARVEST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

3. Income from Grants, Donations & Legacies

Donations
Church Land Fund
External Organisation Support
G12 International Support
G12 UK Support
Uncovenanted Offerings
Deeds of Covenant and Gift Aid		 Unrestricted
Funds
£
Restricted
Funds
£
2024
£
2023
£
-
9,398
9,398
-
-
3,683
3,683
5,519
-
-
-
4,344
-
-
-
800
63,291
1,331
64,622
74,997
214,108
100
214,208
196,861
£277,399
£14,512
£291,911
£282,521

Of the 2023 total of £282,521, £277,002 was attributable to Unrestricted Funds and £5,519 to Restricted Funds.

4. Income from Charitable Activities

Life Languages/Encounters/Lifeclass
Other Income		 Unrestricted
Funds
£
Restricted
Funds
£
2024
£
2023
£
394
-
394
385
120
-
120
572
£514
£-
£514
£957

The 2023 total of £957 was solely attributable to Unrestricted Funds.

5. Expenditure on Raising Funds

Community Events
Life Languages
Encounters/Lifeclass		 Unrestricted
Funds
£
Restricted
Funds
£
2024
£
2023
£
-
-
-
277
1,014
-
1,014
951
1,424
-
1,424
1,018
£2,438
£-
£2,438
£2,246

The 2023 total of £2,246 was solely attributable to Unrestricted Funds.

17

INTERNATIONAL HARVEST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

6. Expenditure on Charitable Activities

Direct Activity Costs
Religious Activities
External Organisation Support
G12 International Support
Pastors’ Fees
Pastors’ Expenses
Pastors’ Conference Attendance & Training
Support Costs
Staff Costs
Premises & Refurbishment Costs
General Office & Running Costs
Governance Costs
Independent Examiner’s Fees
Payroll Processing & Advice
Legal & Professional Fees		 Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2023
£
24.531
-
24,531
16,776
4,416
3,783
8,199
12,000
18,000
-
18,000
18,000
101,565
-
101,565
94,479
9,622
-
9,622
8,287
1,184
-
1,184
1,719
45,329
-
45,329
23,291
46,471
-
46,471
49,279
36,697
-
36,697
33,304
2,340
-
2,340
2,340
504
-
504
468
1,320
-
1,320
1,218
£291,979
£3,783
£295,762 £261,161

Of the 2023 total of £261,161, £255,642 was attributable to Unrestricted Funds and £5,519 to Restricted Funds.

7. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging/(crediting):
Depreciation of owned Fixed Assets
Independent Examiner’s Fees – current year
8.
Staff Costs & Trustees’ Remuneration
Gross Salary Costs
Employer’s National Insurance
Employer’s Pension Contributions		 2024
£
2023
£
17,853
19,796
2,340
2,340
2024
£
2023
£
44,824
23,165
-
-
505
126
£45,329
£23,291

18

INTERNATIONAL HARVEST CHURCH NEWCASTLE NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

8. Staff Costs & Trustees’ Remuneration (Cont.)

No employee received remuneration of more than £60,000 during the year (2023 - Nil).

The average number of staff employed during the year, calculated as full-time equivalents, was as follows:

quivalents, was as follows:
2024 2023
No No
Administrative Support 2 1

Key Management Personnel, defined as the Pastors, received remuneration of £101,565 (2023: £94,479) in the year.

In accordance with the charity’s constitution, Mr C Harding, a Trustee of the charity during the year, was paid £52,993 (2023: £49,251) for his professional services, provided to the church on an arms-length basis.

In the year to 31 March 2024, in accordance with the charity’s constitution, Mr A Bowie, a Trustee of the charity during the year, was paid £2,017 (2023: £1,848) for his professional services, provided to the church on an arms-length basis.

No other remuneration has been paid to any Trustees in the year and no travel and subsistence expenses (2023: £Nil) were reimbursed to Trustees in respect of their attendance at meetings of the charity.

9. Tangible Fixed Assets

Cost
At 1 April 2023
Additions in year
At 31 March 2024
Accumulated Depreciation
At 1 April 2023
Charge for year
At 31 March 2024
Net Book Value
At 31 March 2024
At 1 April 2023		 Land &
Buildings
£
Office, ICT
& Musical
Equipment
£
Leasehold
Property
Improvements
£
Total
Fixed
Assets
£
374,445
67,607
191,340
633,392
-
6,825
49,764
56,589
374,445
74,432
241,104
689,981
287,349
62,115
33,687
383,151
7,489
5,171
5,193
17,853
294,838
67,286
38,880
401,004
£79,607
£7,146
£202,224
£288,977
£87,096
£5,492
£157,653
£250,241

19

INTERNATIONAL HARVEST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

10. Debtors

Prepayments
Accrued Income
Other Debtors
11.
Creditors – Amounts Falling Due Within 1 Year
Accruals
Other Taxes & Social Security Costs
Other Creditors		 2024
£
2023
£
3,388
1,046
4,038
3,870
-
93
£7,426
£5,009
2024
£
2023
£
5,253
4,989
424
54
2,322
2,611
£7,999
£7,654

12. Analysis of Net Assets between Funds

Unrestricted
Restricted		 Total
Total
Funds
Funds		 2024 2023
£
£		 £ £
Fixed Assets 288,977
-		 288,977 250,241
Debtors 7,426
-		 7,426 5,009
Cash at Bank and In Hand 101,169
21,201		 122,370 166,795
Creditors – Amounts Due Within 1 Year (7,999)
-		 (7,999) (7,654)
£389,573
£21,201		 £410,774 £414,391
13. Analysis of Charitable Funds
Fund at 1 April Incoming Resources Fund at 31
2023 Resources Expended March 2024
£ in Year in Year £
£ £
Unrestricted Funds
Charity General Fund 403,919 280,071 (294,417) 389,573
Restricted Funds
Ukraine Special Offering - 3,783 (3,783) -
Giving for the Ground / Church 10,472 10,729 - 21,201
Land Fund
10,472 14,512 (3,783) 21,201
Total Funds £414,391 £294,583 £(298,200) £410,774

20

INTERNATIONAL HARVEST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

13. Analysis of Charitable Funds (Cont.)

Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund

External Organisation Support

Donations received towards support for Ukraine, Syria and Turkey (via Open Doors) and Food Banks

Giving for the Ground / Church Land Fund

Donations received towards the cost of purchasing the freehold of IHC’s current leasehold property

14. Taxation

The company is a registered charity and no provision is considered necessary for taxation.

15. Related Party Transactions

During the year a total of £132,402 (2023 £112,398) was paid to related parties.

Persons receiving payment in the year were:

21

INTERNATIONAL HARVEST CHURCH NEWCASTLE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

16. Financial Commitments

No material financial commitments have been made in respect of future financial periods.

17. Operating Lease Commitments

At 31 March 2024 the charity had total commitments under non-cancellable operating leases as follows

Category
Operating leases which expire:
Within two to five years		 Equipment
£
2,728

22